13 November 2008 03:00 [Source: ICIS news]
SINGAPORE (ICIS news)--Malaysia-based BP Petronas Acetyls (BPPA) slashed operating rates at its 535,000 tonne/year acetic acid plant in Kerteh, Terengganu, to 75% this month due to poor demand, a company official said late on Thursday.
The plant was running at rates 20-30% below October levels. The company has not ruled out taking the plant offline if weak market conditions persist, he said.
“We are considering a shutdown in the near term,” the official said, although exact dates could not be confirmed.
BPPA’s acetic acid output cut comes amid an impending shutdown at BP and ?xml:namespace>
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